Banca Ifis

Legal Proceedings Report • Jul 7, 2016

Informazione Regolamentata n. 0147-38-2016		Data/Ora Ricezione 07 Luglio 2016 12:10:48	MTA - Star
Societa'	:	BANCA IFIS
Identificativo Informazione Regolamentata	:	76724
Nome utilizzatore	:	IFISN01 - DI GIORGIO
Tipologia	:	IROS 13
Data/Ora Ricezione	:	07 Luglio 2016 12:10:48
Data/Ora Inizio Diffusione presunta	:	07 Luglio 2016 12:25:49
Oggetto	:	Banca IFIS: 176 million euro of distressed loans purchased
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Banca IFIS continues to buy NPLs: 176 million Euro of distressed loans purchased

Mestre (Venice), July 7, 2016 – With eight purchase deals and about 2.3 billion Euro of NPLs purchased so far in 2016, Banca IFIS confirms that it is one of the most active companies in the nonperforming loans sector, focusing particularly on the unsecured consumer credit segment in which it specializes. Today Banca IFIS announces the closing of another two purchase deals – that add to the six already realized in the past months – of two unsecured NPL portfolios for a total nominal value of 176 million Euro.

The first portfolio, having a nominal value of about 104 million Euro and corresponding to 3.900 positions, was sold to Banca IFIS by a major Italian bank and is mainly composed of credit card overdrafts (65%).

The second transaction concerns a forward flow agreement with one of the main Italian consumer credit companies and involves the monthly transfer of about 6 million Euro of non-performing loans for 12 months, equalling a total nominal value of 72 million euro (nominal value).

"Since 2012, the year in which we entered the NPL market, Banca IFIS has grown exponentially, becoming leader of a constantly evolving market, whilst evolving itself too. We have built a complete credit chain that, thanks to efficient management, allows us to reach a key goal: reinserting our clients in a virtuous and sustainable economic mechanism" stated Andrea Clamer, Head of Banca IFIS's NPL Area.

In light of the transactions carried out so far, Banca IFIS's own portfolio amounts to over one million positions making up a total nominal value of almost 10 billion euro.

Banca IFIS S.p.A. Head of Communication Mara Di Giorgio Cell: +39 335 7737417 mara.digiorgio@bancaifis.it www.bancaifis.com

Press Officer and PR Chiara Bortolato Cell: +39 3669270394 chiara.bortolato@bancaifis.it